trending Market Intelligence /marketintelligence/en/news-insights/trending/1mhx3rpexPX9due_lMePPA2 content esgSubNav
In This List

Far East Hotels & Entertainment swings to profit in fiscal H1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Far East Hotels & Entertainment swings to profit in fiscal H1

Far East Hotels & Entertainment Ltd. said its normalized net income for the fiscal first half ended Sept. 30 amounted to HK$756,810, compared with a loss of HK$4.0 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue rose 66.7% year over year to HK$28.1 million from HK$16.8 million, and total operating expenses grew 15.9% on an annual basis to HK$27.1 million from HK$23.4 million.

Reported net income came to a loss of HK$177,470, or a loss of 0 cents per share, compared to a loss of HK$8.1 million, or a loss of 2 cents per share, in the prior-year period.